Hantz Financial Services Inc. Sells 7,317 Shares of MetLife, Inc. (NYSE:MET)

Hantz Financial Services Inc. cut its holdings in MetLife, Inc. (NYSE:MET) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,890 shares of the financial services provider’s stock after selling 7,317 shares during the quarter. Hantz Financial Services Inc.’s holdings in MetLife were worth $15,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its holdings in MetLife by 7.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,962 shares of the financial services provider’s stock worth $1,331,000 after buying an additional 1,230 shares during the period. Tidal Investments LLC lifted its holdings in MetLife by 45.9% in the first quarter. Tidal Investments LLC now owns 22,324 shares of the financial services provider’s stock worth $1,654,000 after buying an additional 7,024 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in MetLife in the first quarter worth about $279,000. Atria Investments Inc lifted its holdings in MetLife by 6.2% in the first quarter. Atria Investments Inc now owns 60,805 shares of the financial services provider’s stock worth $4,506,000 after buying an additional 3,559 shares during the period. Finally, PGGM Investments purchased a new stake in MetLife in the first quarter worth about $272,000. 89.81% of the stock is owned by institutional investors.

MetLife Trading Up 0.6 %

NYSE:MET opened at $88.25 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 12 month low of $62.89 and a 12 month high of $89.05. The company has a market cap of $61.11 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05. The company has a 50 day simple moving average of $83.19 and a two-hundred day simple moving average of $76.46.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

MET has been the subject of several research analyst reports. StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a report on Monday. Bank of America lowered their target price on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lifted their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday. Fourteen analysts have rated the stock with a buy rating, According to data from MarketBeat, MetLife has a consensus rating of “Buy” and a consensus price target of $88.62.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.